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Joined 10 months ago
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Cake day: December 22nd, 2024

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  • Totally agree on both.

    I read the GOT books, and I’m convinced that HBO is the reason why Martin messed this all up. There was a whole other Targeryen, Aegon VI, that was running around being some charismatic cool dude and also making a claim to the Iron Throne. HBO just cut him out, and I’m convinced that what was supposed to happen was everything was him vs. Danerys at the end, and he took the iron throne, and would have been sitting on it when the dragon fried it, which would have killed him and the throne and left Danerys as the obvious true ruler because she has that fire magic.

    But we’ll never know because Martin cashed his checks and peaced out.


  • Not me, but my spouse. In 2008 as the economy was tanking, she went as a box of Franzia. Painted wardrobe box with 2 bladders of wine in there, she took days to paint the box like a real Franzia box. Thing must have weighed 20 pounds. Went to a parade and huge outdoor event and she was very popular. Those nozzles saw a lot of action, and were basically a public health danger 30 minutes into the night. The wine lasted hours and she ditched the box with some wine still in at some house party we passed.




  • As bullish as I am on Sodium-ion batteries, only very recently did researchers figure out how to boost the charge capacity, making any attempted commercial models in use so far nice, but not the final form where normies are buying them from Home Depot.

    The Sehol car mentioned is a niche configuration of a common model, because the Li-ion model goes farther between charges. Other than the launch in 2023, and articles recycling the same info, find me 1 article that doesn’t use words like “could” or “will” or “might” about sales of this model? Same thing for the BYD Seagull with Na-ion batteries. It’s all greenwashing news where if you dig at it even slightly, you see how not real any of it is.

    It’s closer than it was 5 years ago, but it’s still not a “revolution” by any means.






  • That’s the bet-swap. They have both have a contractual obligation to exchange investments in each other. It’s a suicide pact OR it’s a bromance glow-up, depending on your point of view. AMD is giving them chips on the (accurate so far) bet that buying chips will inflate AMD’s stock value.

    Again, this is not a thing a rational person would do because it’s both not sustainable and not realistic unless you expect the value of everything to got up for 10+ years. It’s a recursive bet on a bet on a bet. It’s like buying T-bills.


  • The issue here is this isn’t debt!

    Debt would be SoftBank giving OpenAI $78 B in cash and then in a year or two asking for payments of cash back.

    This investment/stock circular thing is like if you were building a house and lived next to a brick yard, and convinced the brick yard owner to give you bricks to build your house. Your house would be the demonstration of how lovely the bricks are, and in return you’ll give them 10% of the title of your property. If you sell that property in 2009 or 2024, the value will change, but that’s a risk and gamble you both take. And they can sell small parts of that 10% whenever they want, if they want.

    None of that is debt. Debt would be a loan from the bank that requires payments over time.


  • Someone somewhere took debt

    the simple answer is that the people buying AMD stock are the ones paying for those chips

    In my eyes this deal is a speculative investment leveraging debt.

    But so you have to pick one. Unless you’re suggesting that all the day traders and retirement funds and investment funds are buying or already holding AMD bought it all with credit cards. Which is not the case, which is why this isn’t debt.

    Ask yourself - If it’s debt, then who is the creditor? Who holds the loan paperwork? What rate did they get? What’s the collateral? None of those things are true here.

    Stock value isn’t real any more than the value of gold or silver or bitcoin, but it’s all relative to the value of the stock when sold. But it being sold is the point. The stocks are worth money. Real actual money. If the market hits a correction - as other more bubble-like parts of the AI industry and the current general economic shitpile are likely to afford us all in the next few years - then OpenAI and NVIDIA and AMD won’t be carved up and sold for parts after a bankruptcy by a bank because they’re still able to sell the stocks to fund payroll. As long as no one sells off a ton of stock quickly and the stock value doesn’t collapse, then it’s simply a risky circular a bet on themselves.

    Don’t get me wrong, I think this is an innovation in stupidity and shortsightedness. But call it what it is, which is not debt.


  • This isn’t the way economic bubbles are typically structured. At all.

    Typical economic bubbles are built on speculative investment leveraging debt until the whole thing reaches a point where the debt can’t realistically account for possible growth anymore. This would be OpenAI asking SoftBank for $78B to buy chips that have at most, a maximal 5 year life cycle, and then OpenAI not having cash on hand to pay down that $78B in 2 years.

    Using this stock reacharound is actual money changing hands. Yes, stock dividends and sales are part of that, but it’s not debt. It’s certainly not sustainable, but it’s not something that will lead to bankruptcy for OpenAI or NVIDIA or AMD if they fail to turn profits. But the money is real at the time it’s moved around. Surprisingly, the LLM crowd has been fairly consistent in not running to highly leveraged debt for funding.

    This is a pump and dump scheme if anything, and seems like a great way to find out later that people buying stock in AMD “invested” in shrinking their portfolio over the long term. IMO only a fool would buy stocks that funded this, but it’s a slow-mo bubble for those people, not the economy in general.